It is indeed a spam coin. Initially, crypto is competing with fiat's unlimited supply and when a cryptocurrency ends up with higher supply than all the money in the world, that is more likely a garbage. You could see more it on ethereum network.

To mention the value of a coin, the lesser the total supply and the more the usage or utility the more valuable it would become.


You need to balance your coins amount to it's usage on your platform, you might end having having scarcity of the supply. It's okay to have an okay volume of supply, you could always burn some of it later if it is largely over on your platforms utility.